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Multiemployer Pension Plans (Tables)
12 Months Ended
Dec. 31, 2017
Multiemployer Plans [Abstract]  
Multiemployer Pension Plan Description and Contributions
participation in multiemployer pension plans for the year ended December 31, 2017 is outlined in the table below:
Pension Fund
 
Employer Identification Number
 
Pension Protection Act Zone Status1
 
FIP/RP Status Pending/Implemented in 20172
 
Contributions of the Company
 
Surcharge Imposed in 2017
 
Expiration Date of Collective-Bargaining Agreements
 
 
 
 
2017
 
2016
 
2015
 
 
 
 
 
 
2017
 
2016
 
 
 
(in millions of dollars)
 
 
 
 
 
 
Steelworkers Pension Trust (USW)3
 
236648508
 
Green
 
Green
 
No
 
$
3.5

 
$
3.7

 
$
3.5

 
No
 
Mar 2020
-
Nov 2020
Other Funds4
 

 

 

 

 
1.1

 
1.0

 
0.9

 

 

 

 
 
 
 
 
 
 
 
 
 
$
4.6

 
$
4.7

 
$
4.4

 
 
 
 
 
 
________________    
1. 
The most recent Pension Protection Act zone status available in 2017 and 2016 for the Steelworkers Pension Trust is for the plan's year-end at December 31, 2016 and December 31, 2015, respectively. The zone status is based on information that we received from the plan and is certified by the plan's actuary. Among other factors, plans in the green zone are at least 80% funded.
2. 
The "FIP/RP Status Pending/Implemented" column indicates if a Financial Improvement Plan (FIP) or a Rehabilitation Plan (RP) is either pending or has been implemented for the plan under the Pension Protection Act.
3. 
We are party to three collective bargaining agreements with the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO,CLC ("USW") that require contributions to the Steelworkers Pension Trust. As of December 31, 2017, USW collective bargaining agreements covering employees at the Newark, Ohio ("Newark") and Spokane, Washington ("Trentwood") facilities covered 85% of our USW-represented employees and expire in September 2020. Our monthly contributions per hour worked by each bargaining unit employee at the Newark and Trentwood facilities are (in whole dollars) $1.50 and will increase to $1.75 in 2019. The union contracts covering employees at the Richmond, Virginia facility and Florence, Alabama facility cover 11% and 4% of our USW-represented employees, respectively, and expire in March 2020 and November 2020, respectively.
4. 
Other Funds consists of plans that are not individually significant.